Apple outsourcing discounts on Ipad, Apple watches to Targets, Bestbuy, Walmart, Staples, etc is a brilliant win-win strategy!!!
Deals on Apple products both online AND in stores have had the following effects:
1) It raises the social status of those retailers. In the entire Thanksgiving season (and the Christmas to come), it is those stores that actually offer deals that ACTUALLY catch people's eyes and wallets----leaving Amazon selling its own ugly Kindles and other low end useless stuff nobody cares!
2) By offering discounts BOTH online and in stores, it has attracted tremendous online traffic to those retailers' websites, helped its online sales in a huge way. We purchased two Ipads from Target online and then picked it up in store, what a convenience!
I think the landscape of retailers has changed. Most of the those big retailers's websites have matured, and because they are carrying the Apple products, and because they have the advanyage of the in-store pickup and return, they are kicking Amazon this Thanksgiving week and will continue to kick Amazon in the days to come because Amazon is now only push those useless inventory nobody is interested.
Those big retailers have got even with Amazon and Amazon is no longer dominating the online shopping as CNBC and other media have hyped!
Scam in the sense that the drone delivery won't increase AMZN sales or earnings to justify the 900+ PE. As you mentioned, others are working to provide the same service, so drone is just a talking point. Think about that - do people buy stuff from AMZN instead of Target or Walmart due to the drone delivery? I think not.
A small omission on your part.. AMZN with PE 960 already priced into the future speculative earnings for decades to come. Any mishap will cut that in half in no time!
"Other companies are also exploring drones as a new method of package delivery. Earlier this month, Walmart sought permission from the FAA to start drone testing, while Google reportedly revealed during an air traffic control convention in Washington, D.C., that it wants to launch a drone service in 2017."
Scam you say eh? Better let Walmart and Google know they're wasting their time!
That's fair. How about this: "According to a recent study by the International Data Corporation, on average AWS companies will receive five-year business benefits worth over $1.5 million and earn 560% return on their initial investment. Not only has Amazon captured a new base of customers with AWS, but they offer a quality product. Look for AWS to continue to expand in the coming years, with AMZN investors reaping the rewards. "
The train is leaving! ALL ABOARD!
Day 9: 149 deals. Only 35 have sold out (23 percent again). Most others in the low single digits. They should have sold out 135 of the listings. Out of the 149, only one caught my eye as far as something that I would consider buying. The worst selection.
Yeah, forget the research, just rely on your personal experience. THAT'S the way to make money in this economy! Amazon is a winning horse, proven over the long distance...think!
Sentiment: Strong Buy
the right question for the pumpers to ask is how much they spent on amzn last friday. i spent zero but i am not one of the pumpers here.
drone is a part of bezos' scam that justifies 900+ pe. pumper were expecting the 50% sales growth announcement from amzn. what they got was a drone video instead. enjoy the worthless video! lol
"Channel Advisor, said sales at Amazon were up 30 percent from a year ago as of midday on Thanksgiving."
I'm just trying to cheer up the shorts....lol
LOL! Many probably laughed when Jeff brought that old news upfront again! When I saw it, I just thought "What! didn't they have anything else new or remotely meaningful/positive to say other than using the drone as a "smoke and mirror" to distract people's attention!". Nevertheless, my hat is off to Jeff for the fiercely media spin!
Sentiment: Strong Buy
Online sales up almost 50% in the UK
Per SKY news
"Amazon says Black Friday 2015 was its biggest sales day ever in the UK with more than 7.4 million items ordered - a rate of 86 items a second.
It beat the figure set last year when more than 5.5 million items were sold at a rate of about 64 per second."